Dashboard Tools Market News Investing Ideas Pricing About Us
Sign Up
Log in

Grindwell Norton Ltd
NSE:GRINDWELL

Watchlist Manager
Grindwell Norton Ltd Logo
Grindwell Norton Ltd
NSE:GRINDWELL
Watchlist
Price: 1 673.2 INR 1.25% Market Closed
Market Cap: ₹185.3B
Write Note Create Alert Ask AI
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+21%
5Y
+97%
10Y
+146%
Operating Income
+
3Y
-1%
5Y
+100%
10Y
+219%
Net Income
+
3Y
+10%
5Y
+94%
10Y
+284%

Earnings Waterfall
Grindwell Norton Ltd

Income Statement
Grindwell Norton Ltd

Rotate your device to view
Income Statement
Currency: INR
Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Revenue
Interest Expense
2
0
2
0
1
0
1
0
1
3
2
3
3
2
4
6
6
0
3
2
2
25
0
0
0
4
0
0
0
5
0
0
0
24
0
0
0
16
0
0
0
15
0
0
0
11
0
0
0
45
0
0
0
33
0
0
0
36
0
0
0
18
0
0
0
39
0
0
0
60
0
0
0
Revenue
2 657
N/A
2 765
+4%
2 921
+6%
3 003
+3%
3 179
+6%
3 262
+3%
3 364
+3%
3 619
+8%
3 729
+3%
3 936
+6%
4 067
+3%
4 129
+2%
4 408
+7%
4 553
+3%
4 789
+5%
5 084
+6%
5 016
-1%
4 983
-1%
4 948
-1%
4 950
+0%
5 303
+7%
7 022
+32%
2 286
-67%
4 704
+106%
7 086
+51%
9 655
+36%
10 046
+4%
10 537
+5%
10 953
+4%
11 354
+4%
11 774
+4%
11 849
+1%
11 972
+1%
12 407
+4%
12 659
+2%
13 031
+3%
13 489
+4%
13 638
+1%
13 893
+2%
13 981
+1%
14 256
+2%
14 538
+2%
14 744
+1%
15 469
+5%
15 762
+2%
15 981
+1%
16 283
+2%
16 038
-2%
16 190
+1%
15 796
-2%
14 006
-11%
14 474
+3%
14 950
+3%
16 379
+10%
18 448
+13%
19 185
+4%
19 627
+2%
20 128
+3%
22 114
+10%
23 334
+6%
24 354
+4%
25 413
+4%
25 717
+1%
26 044
+1%
26 605
+2%
26 868
+1%
27 240
+1%
27 505
+1%
27 932
+2%
28 116
+1%
28 094
0%
28 903
+3%
29 405
+2%
Gross Profit
Cost of Revenue
(927)
(999)
(1 099)
(1 129)
(1 220)
(1 243)
(1 267)
(1 421)
(1 436)
(1 523)
(1 577)
(1 579)
(1 739)
(1 851)
(1 993)
(2 134)
(3 095)
(2 136)
(2 171)
(2 174)
(2 328)
(3 835)
(1 138)
(2 346)
(3 549)
(5 953)
(5 067)
(5 307)
(5 493)
(6 894)
(5 856)
(6 001)
(6 148)
(7 198)
(6 702)
(6 858)
(7 103)
(7 942)
(7 207)
(7 129)
(7 095)
(8 053)
(7 108)
(7 565)
(7 799)
(8 977)
(8 187)
(8 024)
(8 155)
(8 974)
(7 026)
(7 246)
(7 297)
(8 854)
(8 864)
(9 250)
(9 363)
(10 806)
(10 140)
(10 522)
(10 968)
(14 080)
(11 695)
(11 731)
(11 912)
(14 748)
(12 244)
(12 325)
(12 648)
(15 678)
(12 751)
(13 216)
(13 526)
Gross Profit
1 730
N/A
1 766
+2%
1 822
+3%
1 874
+3%
1 959
+5%
2 019
+3%
2 097
+4%
2 198
+5%
2 293
+4%
2 412
+5%
2 490
+3%
2 551
+2%
2 669
+5%
2 702
+1%
2 796
+3%
2 950
+6%
1 921
-35%
2 847
+48%
2 777
-2%
2 776
0%
2 975
+7%
3 187
+7%
1 148
-64%
2 358
+105%
3 537
+50%
3 702
+5%
4 979
+35%
5 230
+5%
5 460
+4%
4 460
-18%
5 918
+33%
5 849
-1%
5 824
0%
5 208
-11%
5 957
+14%
6 173
+4%
6 387
+3%
5 696
-11%
6 686
+17%
6 852
+2%
7 160
+4%
6 485
-9%
7 636
+18%
7 903
+4%
7 964
+1%
7 004
-12%
8 096
+16%
8 014
-1%
8 035
+0%
6 822
-15%
6 981
+2%
7 227
+4%
7 653
+6%
7 525
-2%
9 585
+27%
9 935
+4%
10 264
+3%
9 321
-9%
11 974
+28%
12 812
+7%
13 386
+4%
11 333
-15%
14 022
+24%
14 314
+2%
14 693
+3%
12 120
-18%
14 996
+24%
15 180
+1%
15 283
+1%
12 438
-19%
15 344
+23%
15 687
+2%
15 879
+1%
Operating Income
Operating Expenses
(1 410)
(1 450)
(1 499)
(1 545)
(1 530)
(1 546)
(1 572)
(1 625)
(1 731)
(1 848)
(1 936)
(1 957)
(2 038)
(2 093)
(2 176)
(2 318)
(1 337)
(2 267)
(2 184)
(2 174)
(2 240)
(2 178)
(849)
(1 784)
(2 712)
(2 572)
(3 821)
(4 012)
(4 151)
(3 066)
(4 521)
(4 465)
(4 467)
(3 790)
(4 489)
(4 671)
(4 864)
(4 186)
(5 169)
(5 222)
(5 340)
(4 454)
(5 442)
(5 583)
(5 646)
(4 738)
(5 857)
(5 863)
(5 864)
(4 754)
(5 402)
(5 358)
(5 488)
(4 826)
(6 226)
(6 496)
(6 898)
(5 843)
(8 073)
(8 720)
(9 027)
(6 830)
(9 594)
(9 809)
(10 121)
(7 623)
(10 567)
(10 835)
(11 038)
(8 217)
(11 216)
(11 480)
(11 553)
Selling, General & Administrative
(1 341)
(644)
(661)
(680)
(1 455)
(343)
(366)
(393)
(1 638)
(829)
(848)
(863)
(1 916)
(951)
(978)
(1 046)
(1 196)
(1 038)
(1 034)
(1 014)
(1 059)
(1 959)
(287)
(563)
(848)
(1 928)
(1 172)
(1 235)
(1 266)
(2 230)
(1 364)
(1 390)
(1 447)
(1 690)
(1 522)
(1 569)
(1 639)
(2 007)
(1 777)
(1 833)
(1 845)
(3 621)
(1 791)
(1 815)
(1 836)
(3 873)
(1 954)
(1 978)
(1 975)
(3 786)
(1 987)
(1 979)
(2 051)
(3 805)
(2 198)
(2 311)
(2 394)
(4 722)
(2 622)
(2 722)
(2 811)
(5 443)
(3 079)
(3 140)
(3 206)
(6 027)
(3 366)
(3 409)
(3 450)
(6 257)
(3 325)
(3 418)
(3 413)
Depreciation & Amortization
(67)
(68)
(69)
(71)
(76)
(78)
(79)
(81)
(93)
(103)
(114)
(124)
(122)
(125)
(129)
(136)
(141)
(141)
(141)
(141)
(140)
(219)
(73)
(152)
(235)
(318)
(345)
(376)
(394)
(416)
(419)
(414)
(420)
(426)
(425)
(423)
(420)
(422)
(429)
(437)
(451)
(448)
(449)
(452)
(450)
(452)
(485)
(518)
(548)
(578)
(562)
(556)
(549)
(544)
(557)
(550)
(541)
(535)
(532)
(555)
(581)
(601)
(631)
(645)
(665)
(709)
(756)
(815)
(874)
(926)
(971)
(1 006)
(1 041)
Other Operating Expenses
0
(738)
(769)
(794)
0
(1 125)
(1 127)
(1 151)
0
(916)
(975)
(970)
0
(1 016)
(1 068)
(1 136)
0
(1 088)
(1 009)
(1 020)
(1 041)
0
(490)
(1 069)
(1 630)
(326)
(2 303)
(2 400)
(2 491)
(420)
(2 738)
(2 661)
(2 601)
(1 674)
(2 542)
(2 679)
(2 805)
(1 756)
(2 963)
(2 953)
(3 044)
(385)
(3 203)
(3 317)
(3 360)
(413)
(3 417)
(3 367)
(3 340)
(390)
(2 853)
(2 823)
(2 889)
(478)
(3 471)
(3 635)
(3 963)
(586)
(4 919)
(5 443)
(5 636)
(786)
(5 884)
(6 025)
(6 250)
(887)
(6 445)
(6 611)
(6 714)
(1 033)
(6 920)
(7 056)
(7 099)
Operating Income
321
N/A
316
-2%
323
+2%
329
+2%
429
+31%
474
+10%
526
+11%
574
+9%
562
-2%
564
+0%
554
-2%
594
+7%
631
+6%
609
-4%
620
+2%
633
+2%
584
-8%
580
-1%
593
+2%
602
+1%
736
+22%
1 009
+37%
299
-70%
574
+92%
825
+44%
1 130
+37%
1 158
+2%
1 218
+5%
1 309
+8%
1 394
+6%
1 397
+0%
1 384
-1%
1 357
-2%
1 418
+5%
1 468
+4%
1 502
+2%
1 523
+1%
1 510
-1%
1 517
+0%
1 630
+7%
1 820
+12%
2 031
+12%
2 194
+8%
2 320
+6%
2 318
0%
2 266
-2%
2 240
-1%
2 151
-4%
2 171
+1%
2 068
-5%
1 579
-24%
1 870
+18%
2 165
+16%
2 699
+25%
3 359
+24%
3 439
+2%
3 366
-2%
3 479
+3%
3 901
+12%
4 093
+5%
4 359
+7%
4 503
+3%
4 428
-2%
4 504
+2%
4 572
+2%
4 497
-2%
4 429
-2%
4 344
-2%
4 245
-2%
4 221
-1%
4 128
-2%
4 207
+2%
4 327
+3%
Pre-Tax Income
Interest Income Expense
(2)
(2)
(2)
(2)
(1)
(1)
(1)
(1)
(1)
(3)
(2)
(3)
74
(2)
(4)
(6)
30
(6)
(4)
(2)
(2)
9
(8)
(16)
(23)
32
(29)
(29)
(28)
42
(30)
(28)
(27)
53
(22)
(20)
(18)
74
(20)
(20)
(20)
123
(13)
(11)
(11)
183
(23)
(31)
(37)
181
(42)
(38)
(37)
345
(36)
(39)
(42)
322
(52)
(62)
(95)
196
(116)
(112)
(81)
460
211
205
200
572
(83)
(80)
(86)
Non-Reccuring Items
(8)
(0)
(0)
0
(2)
0
0
0
(7)
0
0
770
763
763
763
0
7
0
0
0
0
79
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
(4)
(4)
0
0
0
0
0
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
(13)
0
0
0
(9)
0
0
0
0
(12)
0
0
0
(8)
0
0
0
(4)
0
0
0
(9)
0
0
0
(2)
0
0
0
(10)
0
0
0
0
0
0
0
(1)
0
0
0
(2)
0
0
0
31
0
0
0
(35)
0
0
0
(11)
0
0
0
(16)
0
0
0
Total Other Income
116
106
105
119
110
114
118
118
131
162
168
145
137
211
229
233
171
190
183
201
181
200
21
53
83
66
146
169
177
106
195
197
214
149
226
250
287
215
311
309
285
131
297
269
311
156
380
434
413
178
550
523
482
130
392
417
540
127
497
546
465
195
598
674
722
141
399
407
448
143
879
955
964
Pre-Tax Income
427
N/A
420
-2%
426
+1%
446
+5%
536
+20%
587
+9%
643
+10%
691
+7%
685
-1%
723
+6%
720
-1%
1 506
+109%
1 592
+6%
1 581
-1%
1 608
+2%
859
-47%
783
-9%
764
-2%
772
+1%
801
+4%
914
+14%
1 286
+41%
312
-76%
611
+96%
885
+45%
1 219
+38%
1 275
+5%
1 358
+7%
1 458
+7%
1 538
+6%
1 563
+2%
1 553
-1%
1 544
-1%
1 611
+4%
1 672
+4%
1 732
+4%
1 792
+3%
1 797
+0%
1 809
+1%
1 919
+6%
2 085
+9%
2 275
+9%
2 478
+9%
2 577
+4%
2 617
+2%
2 604
-1%
2 597
0%
2 554
-2%
2 547
0%
2 426
-5%
2 087
-14%
2 354
+13%
2 610
+11%
3 172
+22%
3 715
+17%
3 817
+3%
3 864
+1%
3 959
+2%
4 346
+10%
4 577
+5%
4 729
+3%
4 859
+3%
4 910
+1%
5 066
+3%
5 209
+3%
5 083
-2%
5 035
-1%
4 956
-2%
4 893
-1%
4 920
+1%
4 924
+0%
5 082
+3%
5 205
+2%
Net Income
Tax Provision
(135)
(139)
(139)
(144)
(182)
(198)
(220)
(232)
(225)
(227)
(225)
(224)
(258)
(264)
(268)
(278)
(241)
(230)
(237)
(250)
(303)
(425)
(97)
(188)
(273)
(375)
(397)
(425)
(459)
(496)
(515)
(522)
(523)
(547)
(568)
(579)
(606)
(588)
(592)
(636)
(678)
(766)
(836)
(889)
(915)
(917)
(917)
(759)
(698)
(587)
(394)
(538)
(610)
(795)
(983)
(1 015)
(1 019)
(1 008)
(1 106)
(1 148)
(1 198)
(1 244)
(1 254)
(1 289)
(1 312)
(1 244)
(1 230)
(1 204)
(1 182)
(1 207)
(1 201)
(1 255)
(1 302)
Income from Continuing Operations
292
281
287
302
354
389
423
459
460
497
495
1 282
1 334
1 317
1 340
581
542
534
536
550
611
860
215
423
612
844
878
933
998
1 042
1 048
1 031
1 021
1 064
1 104
1 153
1 186
1 209
1 217
1 282
1 407
1 509
1 642
1 689
1 702
1 687
1 680
1 795
1 849
1 839
1 693
1 816
2 000
2 377
2 732
2 803
2 845
2 951
3 241
3 429
3 532
3 615
3 657
3 777
3 898
3 840
3 804
3 752
3 711
3 713
3 723
3 827
3 903
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
3
2
2
0
(5)
(9)
(12)
(12)
(10)
(9)
(6)
(8)
(12)
(14)
(12)
(18)
(15)
(14)
(18)
(13)
(11)
(12)
(13)
(14)
(15)
(13)
(10)
(14)
(14)
(11)
(12)
1
14
18
25
20
6
(2)
(10)
(8)
4
8
6
5
(3)
(6)
(11)
(23)
(25)
(23)
(20)
(12)
Net Income (Common)
292
N/A
281
-4%
287
+2%
302
+5%
354
+17%
389
+10%
423
+9%
459
+9%
460
+0%
497
+8%
495
0%
1 282
+159%
1 334
+4%
1 317
-1%
1 340
+2%
581
-57%
543
-6%
535
-1%
537
+0%
552
+3%
611
+11%
864
+41%
217
-75%
424
+96%
612
+44%
839
+37%
869
+4%
921
+6%
987
+7%
1 032
+5%
1 038
+1%
1 025
-1%
1 014
-1%
1 052
+4%
1 090
+4%
1 141
+5%
1 168
+2%
1 194
+2%
1 204
+1%
1 264
+5%
1 395
+10%
1 497
+7%
1 630
+9%
1 676
+3%
1 688
+1%
1 672
-1%
1 667
0%
1 785
+7%
1 835
+3%
1 825
-1%
1 682
-8%
1 804
+7%
2 001
+11%
2 392
+20%
2 750
+15%
2 827
+3%
2 865
+1%
2 956
+3%
3 239
+10%
3 419
+6%
3 524
+3%
3 619
+3%
3 665
+1%
3 783
+3%
3 903
+3%
3 836
-2%
3 798
-1%
3 741
-2%
3 688
-1%
3 687
0%
3 700
+0%
3 807
+3%
3 890
+2%
EPS (Diluted)
2.64
N/A
2.54
-4%
2.59
+2%
2.72
+5%
3.2
+18%
3.51
+10%
3.82
+9%
4.15
+9%
4.16
+0%
4.5
+8%
4.49
0%
12.45
+177%
12.01
-4%
11.91
-1%
12.13
+2%
5.24
-57%
4.9
-6%
4.84
-1%
4.85
+0%
4.98
+3%
5.53
+11%
7.8
+41%
1.96
-75%
3.83
+95%
5.53
+44%
7.55
+37%
7.85
+4%
8.32
+6%
8.91
+7%
9.29
+4%
9.37
+1%
9.15
-2%
9.15
N/A
9.47
+3%
9.84
+4%
10.21
+4%
10.55
+3%
10.75
+2%
10.87
+1%
11.41
+5%
12.58
+10%
13.48
+7%
14.71
+9%
15.13
+3%
15.25
+1%
15.06
-1%
15.07
+0%
16.1
+7%
16.58
+3%
16.44
-1%
15.22
-7%
16.3
+7%
18.08
+11%
21.54
+19%
24.84
+15%
25.53
+3%
25.9
+1%
26.63
+3%
29.25
+10%
30.85
+5%
31.82
+3%
32.69
+3%
33.1
+1%
34.17
+3%
35.25
+3%
34.65
-2%
34.32
-1%
33.79
-2%
33.31
-1%
33.3
0%
33.42
+0%
34.38
+3%
35.14
+2%

See Also

Summary
GRINDWELL intrinsic value, competitors valuation, and company profile.
DCF Valuation
GRINDWELL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
GRINDWELL stock valuation using valuation multiples.
Wall Street Estimates
GRINDWELL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
GRINDWELL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 319,100+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.